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Guideline Value

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Guideline Value for CHINNAYYA NEW COLONY 2ND STREET

₹4900/sq.ft.

The guideline value for Chinnayya New Colony 2nd Street in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹550 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chinnayya New Colony 2nd Street

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Chinnayya New Colony 2nd Street guideline value

The current guideline value of Chinnayya New Colony 2nd Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class I Type - II.

How the guideline value of Chinnayya New Colony 2nd Street has changed

Since the 2003 revision, the guideline value has seen significant changes. The 2003 revision recorded a value of Rs 550 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following that, the value surged to Rs 4,500 per sq.ft in 2012, before dropping to Rs 3,015 per sq.ft in 2017. The 2023 revision set the value at Rs 4,500 per sq.ft, which then rose to Rs 4,900 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 791%. The register does not contain a figure for the year 2002 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Chinnayya New Colony 2nd Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Chinnayya New Colony 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000, making the total cost Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnayya New Colony 2nd Street?

The Sub Registrar Office that covers Chinnayya New Colony 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perambur

The guideline value is crucial during property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When purchasing property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinnayya New Colony 2nd Street?

The current guideline value of Chinnayya New Colony 2nd Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 550 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 791% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles property registrations in Chinnayya New Colony 2nd Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Chinnayya New Colony 2nd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum registration value and the calculation of stamp duty and registration fees, ensuring compliance with local regulations.